Long-standing observers of the regulation of superannuation could be forgiven for being slightly cynical about Helen Rowell’s speech on Wednesday putting trustees of poor-performing super funds on notice.

The Australian Prudential Regulatory Authority (APRA) is spending almost half a million dollars on ‘presentation skills training’ with the institute.

The institute being the National Institute of Dramatic Art, also known as NIDA. Yep. $430,000 smackers of funds that might otherwise be used for, you know, regulation, was spend on presentation skill training.

6 Responses to APRA Finally Talks Tough – Maybe

I know of a GP who had a hobby in acting in thearical plays. Because he was confident in speaking to large numbers of people and his diction was clear, Pharmacutical companies hired hjim to pitch to GP at conferences their products.

Liberty Quote

[E]very significant 100-percent bank known to history was a government-sponsored enterprise, which depended for its existence on some combination of direct government subsidies, compulsory patronage, or laws suppressing rival (fractional reserve) institutions.